By Subhashis on 11-20-2017
Category: Uncategorized

How to Generate Wealth

Wealth is abundance in the areas those are important to you, these could be any of the following as well additional one as per your definition.

It can also be anything that you desire to have in future in large proportion

1.Mind-set, Attitude, Beliefs

2.Love

3.Health

4.Happiness

5.Peace

6.Confidence

7.Money

8.Success

9.Prosperity

10.Blissful Relationships & Work Life Balance

11.Fulfillment, Bliss & Contentedness

12.Creativity

13.Mental, Emotional, Social and Spiritual Intelligence & Maturity

14.Inspiration, Energy, Enthusiasm

15.Power of Influencing Others without authority

16.Learning

17.Communication Abilities

18.Negotiation & Selling Skills

19.Courage

In this article we will be discussing the ways to create wealth in financial respects, but once you master the basics, they will automatically lead to your building prosperity in other areas of life.
We can create financial wealth through 1. The value of what we do, Identify the type of value addition you can make to a large critical mass of people, the larger the mass & the uniqueness of the niche that you operate on would decide the quantum of encashment you would have 2. The perception of your niche being an essential element of their lives in the mind of your prospects 3. Your marketing these using the diversified channels to reach out to your right target audience 4. Your ensuring that these people always have a delightful experience with your services/product 5. Your continuous reinventing & matching the changing needs & desires of people 6. Your ensuring that you always have a powerful word in the mind of your people by connecting with your audience in multiple ways
All the above 6 points are applicable even if you are working in a job for someone. So the question arises, how can you increase your value to the point where you are earning more than is considered "normal" for your responsibilities


We are living in a VUCA world, where the present & future all are Volatile, Uncertain, Complex-n-Complicated and Ambiguous.

The economies, the customer preferences and the markets are quite disruptive in nature.

That is why the following becomes very important for us to acquire in order to survive, sustain & grow

1.Identifying, Creating & Building Impregnable Specialized Niches to keep the competition out

2.Keep modifying, upgrading & changing our competencies & skills on day to day basis on war footing

3.To use our time in a disciplined manner to implement your business plans and strategies, while also trying to balance the needs of family, health, spirituality, recreation, relationships, and much more

The Brass-tacks basic to start with

1. Create your own definition of wealth, prosperity, abundance & happiness 2. Identify and learn what is most valuable competencies & capabilities you have for which different people are willing to pay, using research, introspection, talking with your seniors & mentors 3. Identify what you can do to learn and polish what you have to a level that can make you an irresistible choice for multiple employers as well as clients 4. Invest in yourself to learn from the best to upgrade your skills, expertise & niche 5. Create a portfolio of demo to showcase what your expertise can do to your target audience or clients 6. Focus on Huge large Term Gains rather than short term advantages 7. Never ask people to pay you more, create reasons for them to see, feel & experience 8. Always start delivering more than you get paid 9. Create brand in such a way that your negotiation for higher charges becomes a privilege for your clients & employers both 10. Invest almost two third of your time on learning 11. Always learn to enhance your value addition to yourself as well as your all important stakeholders 12. Make yourself work to learn & improve not to earn, Wealthy and happy people work to learn. Unsuccessful and unhappy people work primarily for money 13. Learn to distinguish between Information and knowledge as well as Knowledge and wisdom, because all these are very different things 14. Never be satisfied with basic learning, you should become an authority and expert 15. Recognize the value & worth of your time & only learn those which will bring the highest return 16. Identify the vehicles that generate more money, all the money left after your comfortable existence should be invested in those channels. Very few people create true wealth, because they focus more & more on earning than investing[both in themselves & in their future]. That is why even those who have high incomes are not truly wealthy. Most people's lifestyles match their incomes. When they make more, they consume more 17. Shift your motivation from getting to giving. "The world gives to the givers and takes from the takers." — Joe Polish 18. That is why adding genuine value to others is the most important aspect of wealth building 19. Surround yourself with the givers, the more you contribute to these givers, the more you get from them & it becomes a self-propelling motion towards wealth creation 20. Create win-win partnerships [Collaboration is 100 times more powerful than competition] with these people & always show your gratitude for these people & Openly acknowledge how dependent you are on them 21. Make your goals larger than life and then make it even bigger, then by facing your fears you move towards achieving them 22. Use psychology to market yourself & your products plus services. Get real good at marketing 23. Get focused on achieving & delivering outcomes & results. Make yourself have a mindset of "whatever it will take" 24. Create your non-negotiable core-values & stand-up to them, they should define why you are doing what you are doing

Your Learning & Transformation Areas to make yourself wealth-attuned [you can get Do it Yourself Tips in each blog headings in https://www.successunlimited-mantra.com/]

1. Create Powerful Brand Through Gigantic and Massive Success Strategy 2. Be a Game Changer by Disrupting and Revolutionizing the World 3. How to be a Great Coach to Become Great Leader 4. Create A Masterpiece Of Your Life And Build A Legacy 5. DNA Of Super Salesman and How To Sell Magically 6. How to Negotiate Anything, Anywhere, Every time With Everyone Successfully 7. Create Breakthrough From Your Breakdowns By Pro-Actively Turning Crisis-Es Into Game Changers 8. Entrepreneurship Challenges Which Makes Even The Greatest Extinct & How To Conquer Them 9. Brilliant Strategy To Take Your Business, Career & Life To The Top 10. Developing Entrepreneurial Spirit – The Key To Grandeur Success In Every Walk Of Life 11. Powerful Presentations & Captivating & Enchanting Story Telling Tips 12. Create Personality That Radiates Class, Elegance & Sophistication To Mesmerize The World 13. How To Overcome Leadership Challenges in Fostering Creativity & Innovation in Organizations 14. Leverage Your Weakness To Maximize Your Strength 15. Turn Your Life Upside Down - Disrupt Routine - Reborn To Your Greater Self 16. Dare To Hunt For Opportunities To Conquer Life Or Be A Pedestrian And See The Life Pass By 17. To Be a Champion Be a Mis-Fit Do Not Be An Unfit or a Fit 18. Turn Into A Professional - Command Massive Respect, Awe & Followings 19. Become A Power Magnet – Influence People, Accomplish Big Dreams, Create Your Future


When, why & How to go for multiple steam of income

Successfully competing in many widely varying fields is contradictory to the specialization and complexity required by our current business climate.

Multiple streams of income diffuse your laser focus from a single point of high probability success into a scattered beam of ineffectual light.

The Absolute Wrong Way & Reason to go for creating Multiple Streams of Income

1.You are all fired up and launch a new business, begin stock investing, and buy your first piece of rental real estate all in the same few months. To begin all three simultaneously is asking for trouble and disappointment

2.It's not smart business strategy to take on risk recklessly, compete in fields without adequate preparation or knowledge, and spread your resources too thin.

How to Become a Serial Entrepreneur and Create Multiple Streams of Income 1. Master your first venture or job 2. Create a Successor & a Team which can run, sustain & grow this business activity with minimum of your attention [sometimes this can take up few years to accomplish, if you have all the qualities to become a Serial Entrepreneur] 3. Identify through various INTERNET SITES & PLATFORMS, the opportunities & the business-lines that your skill-set & competencies can satisfy the critical needs of your niche market 4. Identify the marketing channels you are going to use to reach out to your target audience 5. Learn all you can about the second business opportunity that you are about to start 6. Create a team 7. Get a mentor 8. Use resources from your existing venture to Leverage the new venture 9. Pay your attention till this business gets into kind of auto pilot mode 10. Repeat from point 1 to 9


You should only go for multiple streams of income journey

1.You understand perfectly that Each stream of income requires its own skills and expertise + Each stream of income has a separate culture and network + Each stream of income makes demands on the most precious and limited resource in your life – time

2.If you already have a history of success in business or investing

3.You are experienced in hiring and managing a staff to run multiple streams of income

4.You possess the negotiating skills, business expertise, and street smarts that are required to compete on multiple business and investment fronts simultaneously

5.You have a team of experts assembled to advise you on the myriad of legal and financial issues involved in managing multiple streams of income

6.You know how to use OTHER PEOPLE'S Brain, Efforts, Money & Time effectively

7.You understand that every approach to wealth building is highly competitive, and you'll be going head to head with professionals who live and breathe what they do as their sole source of income

8.You know that any one person could spend a lifetime developing in-depth knowledge of any one of these money making areas because of the complexity involved

9.You have done your research to identify through various INTERNET SITES & PLATFORMS, the emerging trends that matches with your passion, competencies & skill-sets to create earning platform & potential for you

Few Habits that don't let you become wealthy, please add as per your lifestyle 1. You buy the equipments, gadgets & other items you need based on their being cheap 2. You use your credit card a lot but pay the minimum amount only 3. You go for Special Deals just because they are there 4. You put lot of time & efforts in going for cheaper alternatives just to save few dollars 5. You do not invest in preventive & maintenance of say your health, machinery etc 6. You are not adequately insured 7. You may buy in bulk but throw away, as you could not use all of them 8. You carry forward the high interest liabilities 9. You spend money not on necessities but to show-off 10. You invest as per the guidance of your broker without understanding the basics yourself 11. You do not review your investment regularly 12. You do not track your spending habits 13. Your investments are not spread wisely 14. Your investment do not take into account your age specific risk factors to have proper asset allocation 15. You think of saving after spending 16. You do not manage your tax professionally
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